have happened in the crypto world this month: a public validation and a semi-private snub. Both of them bode poorly for its future.
Investing in crypto to hedge dollar risk is like flooding your house to insure against the chance of a fire True, any specific coin is in finite supply. In theory, this should make it a hedge against the dollar. But many things are finite supply — Franklin Mint collectibles, for example — and no one thinks they are worth billions of dollars. Besides, it is hard to argue that even bitcoin, the most established of the coins, is a good hedge of anything when it is so volatile. It is much more volatile compared to the dollar or to the stock market, which is a better inflation hedge.
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